China’s new $52.5 billion fund focuses on increasing the competitiveness of state-owned enterprises and their global operations
China has established a $52.5 billion fund to advance supply-side reforms. Ten state-owned enterprises (SOEs) will provide its initial capital of $19.7 billion. The nation said it will reduce its number of SOEs from 106 to no more than 100 this year.
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Jan 20, 2017